Grown Rogue Lifts 2026–2027 Outlook After Q2 Revenue Climbs 41%
GRUSF sits 53% above its 52-week low of $0.269 on light trading volume (0.3× avg).
Summary
Grown Rogue posted Q2 2026 revenue of $11.3M (+41% YoY) and raised its 2026 and 2027 guidance, reflecting strong execution and expansion momentum.
Key Events · Earnings and Guidance · GRUSF
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Q2 Revenue Surges 41%
Revenue reached $11.3M, up from $8.0M in Q2 2025, driven by 65% growth in New Jersey and 49% in Michigan.
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Adjusted EBITDA Grows 36%
Adjusted EBITDA was $2.1M (18.2% margin), up from $1.5M a year ago, despite startup costs in Illinois and Minnesota.
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2026 and 2027 Guidance Raised
2026 revenue guidance increased to $38M-$41M (from $34M-$37M); 2027 revenue guidance raised to $55M-$63M (from $50M-$58M).
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GAAP Net Loss Reflects Non-Cash Charges
Net loss of $1.5M included ~$0.8M in non-cash fair-value losses on warrants and derivatives, not operational issues.
Analysis · GRUSF · Industrial Applications And Services
A 41% jump in revenue to $11.3M and Adjusted EBITDA of $2.1M underscored a strong second quarter, fueled by accelerating growth in New Jersey and Michigan. Management responded by raising full-year 2026 revenue guidance to $38M–$41M and 2027 to $55M–$63M, signaling conviction in the Illinois and Minnesota expansion projects. The GAAP net loss of $1.5M stemmed largely from non-cash fair-value adjustments on warrants and derivatives, not operational weakness. With $11.5M in cash, the company is well positioned to fund its growth plan without near-term dilution risk.
At the time of this filing, GRUSF was trading at $0.41 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $102.8M. The 52-week trading range was $0.27 to $0.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.